Futures Point to a Flat Open...

BMO – ES +1.00 and NQ +2.00 futures are flat to higher in pre-market trading pointing to a flat open. In pre-market trading AAPL is +5.30, AMZN -0.80, GOOG +1.87, BIDU +0.80, INTC is up 5 cents, BAC is up 2 cents and GS +0.57.

Stocks are mixed this morning on light volume in pre-market trading heading in to the three day Memorial Day weekend. Many short term traders don't like to carry long or short positions over long weekends. Look for trading to be lighter today and generally have smaller trading ranges.  Perhaps a pause day after Thursday's strong move up.

Many traders will take off early on Friday or may take the entire day off.

Have a safe and enjoyable weekend.

Continue to Follow Your Rules.

Bonds are higher and TLT is up 46 cents in pre-market trading. Check out TBT.

Trading Down: GES, MA, CRM, V, CLF, X, SWK, URE, GME, ATI, WMT, AKS

Trading Up: DECK, PCLN, BUCY, HANS, WHR, GS, SNDK, MOS, MCD, CAT, CREE, TSL, FCX, USD, LVS

The short term trend is up, the intermediate term trend is neutral and long term trend is up.

Trade those charts that meet your rules in the direction of the trend.

The Euro is up 3 pips in overnight trading.

SPY is down 2 cents and XLF is down 2 cents in pre-market trading. Watch XLF as a key to any sustained move in the SPX.

Follow your rules in any trading actions today. Be logical.

SPX
Support = 1,093, 1,089, 1,075, 1,055
Resistance = 1,107, 1,125

At the Open on Friday
SPY –
QQQQ –
FAS –
TLT -
TBT -
NTAP -
DECK -
AKS -
X -
UAUA -
ZION -
STI -
PNC -
CREE -
DE -
BIDU -
AKAM -
SNDK -
NFLX -
DTV -
HAS -
NTRI -
OSTK -
EXBD -
WFMI -
PCLN -
ILMN –
AAPL –
ORLY -
AAP -
WHR –
DHR –
CLF –
DOW –
BBY –
CAT –
PCP –
AMD –
UNP –
FCX –
GMCR –